Case Details
Case Name: State Bank of India vs Mr. K M Sebastine & Anr.
Court/Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Case Numbers: IB-492/ND/2022 with IA-4079/ND/2025
Date of Order: May 22, 2026
Legal Basis: Section 95(1) of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner/Applicant: State Bank of India
Respondents: Mr. K M Sebastine & Another
Legal Representation: Advocate Prabhat Ranjan Singh appeared for the Bankruptcy Trustee
Hearing Details
Hearing Mode: Hybrid (Virtual Conference and Physical)
Tribunal Members: Sh. Ashok Kumar Bhardwaj (Hon'ble Member - Judicial) and Sh. Atul Chaturvedi (Hon'ble Member - Technical)
Final Ruling & Enforcement
The matter was adjourned due to "No time left" during the hearing. The case has been listed for next hearing on July 9, 2026. The order was signed by both tribunal members: Sh. Atul Chaturvedi (Member - Technical) and Sh. Ashok Kumar Bhardwaj (Member - Judicial).